Xiamen Xiangyu and other investors have established an energy new materials company.

The Qi Cha Cha APP shows that Xiamen Xiangyu Energy New Materials Co., Ltd. was established with a registered capital of 200 million yuan. Its business scope includes: trade brokerage; domestic trade agency; sales of agricultural film; sales of fertilizers; sales of coal and related products, etc. The equity penetration shown on Qi Cha Cha shows that the company is wholly owned by Xiamen Xiangyu Logistics Group Co., Ltd., a subsidiary of Xiamen Xiangyu.